Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers report your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Steeveeck along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move this week. Carol,
Speaker 1: I'm throwing it to you because SpaceX was one.
Speaker 3: Of them, up nearly twenty three percent this week, closing
Speaker 3: just below a hair it's one hundred and thirty five
Speaker 3: dollars a share IPO price, the stock closing out one
Speaker 3: thirty three and change this week, jumping for a second
Speaker 3: straight day, bringing the shares, as we said, close to
Speaker 3: that IPO price for the first time since falling below
Speaker 3: it that key level last month. The move a swift
Speaker 3: reversal for the stock that's been under pressure, shedding more
Speaker 3: than a trillion dollars in market value from the high
Speaker 3: it hit shortly after that record IPO and we did
Speaker 3: see the stock, as we know tim, facing additional price
Speaker 3: pressures earlier in the week after the company's public earnings,
Speaker 3: following fourteen percent on Wednesday after the company reported higher
Speaker 3: than expected spending on its AI business. But big game
Speaker 3: this week.
Speaker 1: All right, that's SpaceX ticker sp CX. Let's go to
Speaker 1: one of the worst performers in the S and P
Speaker 1: five hundred this week, and that was Honeywell Aerospace HONA
Speaker 1: is the ticker. Shares plunged earlier this week after an
Speaker 1: unexpected reduction in its outlook startled investors. Shares fell this
Speaker 1: week by eighteen and a half percent. Supply chain issues
Speaker 1: will keep the sales growth to four to five percent
Speaker 1: this year on an organic basis, roughly half carol of
Speaker 1: its prior forecast.
Speaker 3: Now to Pallunteer ticker PLTR, that stock up nearly forty
Speaker 3: percent this week. The stock we saw it trade surging
Speaker 3: really earlier, the most in more than two years, after
Speaker 3: the company boosted full year revenue and income forecast, describing
Speaker 3: commercial demand for its data analytics tool as otherworldly. That
Speaker 3: was earlier in the week. That was coming out on Monday.
Speaker 3: The company now expects four point eighty nine billion to
Speaker 3: four point ninety one billion in adjusted income from operations
Speaker 3: this year. It's up from four point forty five billion,
Speaker 3: at the top end of the range previously put out there,
Speaker 3: So white a run.
Speaker 1: Yeah, Palenteer of forty percent this week. PLTR is the
Speaker 1: ticker one of the best performers in the S and
Speaker 1: P five hundred. All right, another one of the worst performers.
Speaker 1: I'm seeing a pattern here, Carl, I know in the
Speaker 1: SMP five hundred this week, the trade desk, this is
Speaker 1: the advertising tech firm. TTD is the ticker down twenty
Speaker 1: three and a half percent this week. This after the
Speaker 1: company reported earnings for the second quarter and gave a
Speaker 1: third quarter revenue forecast that missed analyst estimates. At least
Speaker 1: four Brokeres downgraded their writing on the stock. The company
Speaker 1: reported these results after the bell on Thursday. But you
Speaker 1: got to go back in time, Carol, and you got
Speaker 1: to look at how the trade desk has done over
Speaker 1: the last few years. Shares down eighty nine percent from
Speaker 1: those twenty twenty four hud.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
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